Definition
An estimate of your total account value, combining trade results with manually entered portfolio adjustments (e.g., deposits, withdrawals, fees).
Formula
Account Balance = Accumulative Return $ + Sum of Portfolio Adjustments
Example
- Let’s say your Accumulative Return $ is $500.
- You’ve manually entered the following portfolio adjustments:
- Deposit: +$1000
- Withdrawal: -$200
- Locate Fee: -$25
Your Account Balance would be: $500 + $1000 – $200 – $25 = $1275
Key Points
- Overall Account Value: Provides a broader picture of your account’s financial standing beyond pure trade results.
- Manual Input Required: Emphasizes the importance of accurate record-keeping within TraderSync to maintain the accuracy of this metric.
Considerations
- Manual Adjustments: TraderSync requires you to manually input account adjustments to maintain accuracy, as many brokers don’t report these details automatically.
- Broker Discrepancies: Differences in how brokers report account adjustments can lead to variations between your TraderSync balance and the broker’s balance.
